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Sarasota Architects incorporated as licensed architects on April 1, 2022. During the first month of the operation of the business, these events and transactions occurred:
Sarasota Architects incorporated as licensed architects on April 1, 2022. During the first month of the operation of the business, these events and transactions occurred: Apr. 1 Stockholders invested $24,300 cash in exchange for common stock of the corporation. 1 Hired a secretary-receptionist at a salary of $506 per week, payable monthly. 2 Paid office rent for the month $1,215. 3 Purchased architectural supplies on account from Burmingham Company $1,755. 10 Completed blueprints on a carport and billed client $2,565 for services. 11 Received $945 cash advance from M. Jason to design a new home. 20 Received $3,780 cash for services completed and delivered to S. Melvin. 30 Paid secretary-receptionist for the month $2,024. 30 Paid $405 to Burmingham Company for accounts payable due. Journalize the transactions. (If no entry is required, select "No entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Apr. 1 , Cash 24,300 Common Stock 24,300 Apr. 1 Apr. 2 Rent Expense 1,215 Cash 1,215 Apr. 3 Supplies 1,755 Accounts Payable 1,755 Apr. 10 Accounts Receivable 2,565 Service Revenue 2,565 Apr. 11 Cash 945 Unearned Service Revenue 945 Apr. 20 Cash 3,780 Accounts Receivable 3,780 Apr. 30 Salaries and Wages Expense 2,024 Cash 2,024 Apr. 30 Accounts Payable 405 Cash 405 Accounts Payable Unearned Service Revenue Common Stock Service Revenue Salaries and Wages Expense Rent Expense Prepare a trial balance on April 30, 2022. SARASOTA ARCHITECTS INC. Trial Balance Credit For the Month Ended April 30, 2022 For the Year Ended April 30, 2022 April 30, 2022 HA $
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